TaxCut DeductionPro

TaxCut DeductionPro is tax deduction tracking software for Windows or Mac desktop software, or you can use DeductionPro Online. This article covers DeductionPro Online, which is included with TaxCut tax software or can be used without TaxCut for free.

DeductionPro for Mac or Windows costs for $19.95.

DeductionPro Online has a Quick Value Check tool to look up the value of items without entering information into DeductionPro, which is a time-saving feature.

DeductionPro tracks deductions for charitable contributions and other tax deductions as well. Use DeductionPro to track medical and dental expenses, investment expenses, tax preparation costs and other miscellaneous tax deductions.

DeductionPro offers a good set of tax tips to answer frequently asked questions regarding charitable contributions. Links to IRS publications are found by clicking on the Help button.

A thorough search of DeductionPro documentation on TaxCut.com did not reveal where where DeductionPro retrieves values from for non-cash contributions. However, TaxCut has published a guarantee that states that DeductionPro uses values that are legal and valid according to the IRS.

Using DeductionPro
DeductionPro Online is easy to use with a straight-forward interface, although it ran a bit slow at times for me. This could have been due to my security software or random Internet factors beyond DeductionPro's control, though.

Being that TaxCut directly imports data from DeductionPro, DeductionPro is especially convenient for those who use TaxCut tax software to prepare income tax returns.

No Images, Tracks More Tax Deductions
DeductionPro does not support associating digital images of receipts and non-cash donations like DeductionTraQ does, but it tracks more types of tax deductible expenses than DeductionTraQ and TurboTax ItsDeductible.

Where to Find TaxCut DeductionPro
TaxCut DeductionPro Online is difficult to find on TaxCut.com (which is unfortunate for TaxCut). Start DeductionPro Online and you will find little explanation of the application, so first check out DeductionPro Online documentation and then try DeductionPro Online

If you prefer to run DeductionPro on your Windows or Mac computer, you will find DeductionPro in the TaxCut Shop.